First carbon auction of the year set to be a non-event

First carbon auction of the year set to be a non-event
One question for the carbon market will be whether the Climate Change Commission will take a different approach under new chairwoman Dame Patsy Reddy. (Image: NZME)
Ian Llewellyn
The first carbon auction of 2025 looks likely to have no successful bids due to low carbon prices.There are 1.5 million New Zealand Units (NZUs are a proxy for one tonne of carbon emissions) up for sale on Wednesday with an auction floor price of $68.Secondary market prices have been around the $60 mark making it unlikely anyone will be desperate enough to pay a premium, either to settle obligation under the emissions trading scheme or as an investment.Lizzie Chambers, who runs the Carbon Match trading platform, said recently that it seemed unl...

More Markets

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME 2:12pm
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Why this firm wants to be the waste king of the north
Retail The Small Cap Wrap

Why this firm wants to be the waste king of the north

Plus, New Talisman's success spurns auditor, Esquires to India, and more.